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“We believe that merchants are starting to see the value that accepting bitcoin can bring to their business,” said BitPay’s Jan Jahosky. “We’re adding merchants at a pace of 1,000 new merchants per week.”“We expect exponential growth in the popularity of bitcoin around the world with both merchants and consumers, and anticipate seeing the biggest growth in China, India, Russia and South America.”

Earlier today, the Bitcoin news website Coindesk reported that BitPay is adding 1,000 new merchants per week, within an article highlighting the fact that private jet company PrivateFly had just teamed up with the payment processor to accept BTC for its charter flights.Just to put this into perspective and understand just how staggering this growth it, BitPay only first surpassed 1,000 total merchants in September 2012 and a total of 10,000 in September 2013. At its current growth rate, the company is set to double the milestone of 10,000 merchants every two and a half months. Incredible.

BitPay, as one of the most prominent bitcoin payment processors, is primed to handle an influx of new clients as businesses around the world begin to see bitcoin as a legitimate and cost-saving way to accept payments.Last month, BitPay celebrated processing more than $100m bitcoin transactions in 2013. Last year the company brought bitcoin to a number of popular retailers, such as Gyft and Shopify, as well as blog platform WordPress and bitcoin mining equipment producer KNC Miner.The company assists merchants by removing what is seen as one of the biggest risk factors in accepting bitcoin – its price volatility. Businesses balk at the idea of accepting payments in a currency that may drop in value by 40-50% in a week, as bitcoin did a couple of times in 2013, as well as making exponential gains.BitPay shoulders this risk itself, making a big wager that bitcoin’s value will increase over time, and converts the bitcoins it receives into local currency to transfer into clients’ bank accounts almost immediately.Liberty Blitz Krieg

Bitcoin ATM Coming to a Corner Near You

Jeff Berwick, creator of the world’s first Bitcoin ATM, speaks on Bloomberg TV to describe the Bitcoin ATM and calmly defend Bitcoin from the skeptics.

Quote :

“[Bitcoin] is an incredibly exciting new evolution in money. I compare it to internet being an evolution in communication.It is free market. There’s no one who runs it. There’s no Ben Bernanke in a beard and boardroom somewhere deciding price fixing the amount of money and deciding how much he’s going to counterfeit each month.”